AutoZone NNN Ground
2101 Oregon Avenue, Philadelphia, PA 19145
For Sale
Contact for pricing
An absolute triple-net structure carries no landlord responsibilities under the stated lease terms.
Property Size6,030 SF
Price / SF$382.22
Days on Market52
Property Features for 2101 Oregon Avenue
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Tenancy
Listing Agency:
SIG Sands Investment
Listed By:
Griffin Reath · License PA RS369784
Source:
Crexi
Added: Sep 22
Changed: Nov 10
Last Checked: Nov 12 at 8:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SIG Sands Investment
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Investment Insights
Based on property information with market context.
The property at 2101 Oregon Avenue in Philadelphia is a 6,030-square-foot AutoZone location. It is subject to an absolute triple-net ground lease, with no landlord responsibilities stated. AutoZone carries an S&P rating of BBB, and more than eight years remain on the lease term.
The property may be acquired on its own or alongside other assets in a portfolio.
The property may be acquired on its own or alongside other assets in a portfolio.
Key Highlights
- 6,030 SF AutoZone location at 2101 Oregon Avenue, Philadelphia
- Absolute triple‑net ground lease with no landlord responsibilities
- 8+ years of remaining lease term
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,152
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,363,040
$1.4M
Cap Rate 7%
$973,600
$973.6K
Cap Rate 9%
$757,244
$757.2K
Market Conditions
NOI Build-Up for 6,030 SF
Gross rent
$108.5K $18.00/SF
− Vacancy
−$11.2K −$1.85/SF
EGI
$97.4K $16.15/SF
− OpEx
−$29.2K −$4.84/SF
NOI
$68.2K $11.30/SF
Area
Philadelphia, PA
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,363,040
Cap Rate 7%
$973,600
Cap Rate 9%
$757,244
Alternative Uses
Best Use
Retail
$973.6K
$851.9K – $1.14M
NOI $68,152 @ 7.0% cap · market cap 2.96%
Second Best
Industrial
$632.4K
$553.4K – $737.8K
NOI $44,270 @ 7.0% cap · market cap 1.92%
Theoretical Best
Multifamily LT 5
$1.47M
$1.29M – $1.72M
NOI $102,901 @ 7.0% cap · market cap 4.46%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,759
Businesses Nearby
442k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 24%
Groceries 21%
Dining 21%
Superstores 14%
BJ's Wholesale Club
Superstores
62,207 visits/mo
0.4 miles
ACME Markets
Groceries
39,662 visits/mo
0.2 miles
PetSmart
Shops & Services
29,416 visits/mo
0.4 miles
The Home Depot
Home Improvements & Furnishings
27,938 visits/mo
0.3 miles
Ross Dress for Less
Apparel
27,736 visits/mo
0.3 miles
Demographics for 19145, PA
47,079
Population
21,295
Households
2.2
Avg Household Size
38
Median Age
36%
College-Educated
89%
High-School Grad
4.8 sq mi
ZIP Area
9,808
Density / Sq Mi
$70,374
Median Household Income
$45,940
Median Earnings
$1,343
Median Rent
$290,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for NNN properties in Philadelphia, PA
Properties on Market for NNN properties in Philadelphia
Vacancy Rate% for Retail in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
NNN property - An absolute triple-net structure carries no landlord responsibilities under the stated lease terms.
Where is this nnn property located?
The property is located at 2101 Oregon Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $2,304,762.
What are key features of this property?
This property features: 6,030 SF AutoZone location at 2101 Oregon Avenue, Philadelphia; Absolute triple‑net ground lease with no landlord responsibilities; 8+ years of remaining lease term
